Dec 28, 2012 8:00pm EST
for tax increases, reversing massive pay cut from medicare doctors, and elections of millions of americans to avoid paying the alternative minimum tax. an increase in the debt ceiling is not part of the discussion. that is significant development for house republicans who won any increase in the borrowing limit it accompanied by an equal amount in spending cuts taking the debt ceiling of the table making it much easier for the scaled-down version to be negotiated. from here senate leaders will try to secure an agreement by sunday morning. if so, democrats and republicans will try to sell its house and senate members. if they can do that the voting begins. there is some progress report this evening, though there are no guarantees. congress will act to resolve this. tom: this sounds a little bit like bob woodward's book to by bob woodward's book when he talked about the debt ceiling fight back in 2011. mcconnell, from the way i read it, mcconnell and reid took it away from the president and said , let us to work our own deal by ourselves, kind of cutting him out of the negotiations. >> that'
Dec 23, 2012 2:00am EST
government's involvement in legal things leads to disaster. >> people would elect more carefully locally if they knew it was theirs rather than to be paid for by everybody else. >> have a very merry christmas at mickey d's. this big mac maker fair or a grinch? first right here, new fears of another taxpayer bailout . millions was workers may need you to pony up before pensions goes pust u bust. we'll e e e e e just as the government is getting out of the gm bailout. new worries about a new bail out. the head of the agency that over sees bankrupt pension warning congress he may need 30 billion to shore up the funs. that's why they should switch to 401 k's. >> whether politicians or unions and employers making promises they can't keep. you reap what you put in a 401 k . if you make a grand promise and you don't put the money in. everyone know its is false . so let's have honesty and when you are promised something you will know you git it >> a lot of people with 401 k's are doing well >> i remember as a young lawyer writing the pedestrian irfirst plan where we had high hopes that formingle
Dec 24, 2012 3:00pm EST
for the markets. weak economic growth, and of course the election itself. some analysts picking games 2013 as much as 14% of the market and others lost as much as 14%. it is not working for me today. i think we should talk about else.i'g i will get to talk about a santa claus rally. ral is there a santa claus rally?ra will we have a true santa claus rally? >> listen, think it'll b it wile tough to get one this year. i think there will be a lot of repositioning in portfolios coming toward the end of the year. a people are getting very nervous about the fiscal cliff. i was on the show a couple of weeks ago whe and i was not a tn concerned because i thought we would get a deal done.al it is starting to hurt people.ut a good call by you. frankly, gerri, that is what will hurt stocks and investors spending or appetite as s well.e gerri: i love it when you tell me i am right. it often doesn't last very longy i have got to think when we get some real claritytt on this no matter what whether it is good x or bad for investors and taxpayers there will be a little relief in the market, don't you think? >> i
Dec 26, 2012 9:20am EST
to a major change in the tax code? >> maybe they were hoping that they would win the presidential election in 2012 and then have a upper hand event. but you know, they didn't go for the permanent rates, the bush era tax rates when they had the chance in 2010 and the sequester, the automatic spending cuts getting lost in the conversation are something they pretty much set up with the democrats in 2011. >> well, here specifically, here is about the millionaire cut off figure because of course, now the president says compromise going out to 4,000. here is what pelosi said in may of 2012 to speaker john boehner. democrats believe those earning over a million dollars a year should expire and we should use the resulting revenues to pay down the deficit. has anybody called her on that, hey, look, you're only for raising rates for millionaires and above before now you're into the $400,000 level? >> i called her on it last week, and she avoided the question and didn't answer it directly. she said, we were trying to smoke out, that was her quote, smoke out republicans and steny hoyer himself mention